Somewhat Favorable Press Coverage Somewhat Likely to Affect IHS Markit (INFO) Stock Price

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Media headlines about IHS Markit (NASDAQ:INFO) have trended somewhat positive recently, InfoTrie reports. The research firm identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. IHS Markit earned a daily sentiment score of 1.25 on their scale. InfoTrie also assigned media stories about the business services provider an news buzz score of 5 out of 10, indicating that recent news coverage is somewhat likely to have an impact on the stock’s share price in the next few days.

These are some of the news stories that may have impacted IHS Markit’s analysis:

Shares of IHS Markit stock opened at $54.52 on Friday. The firm has a market capitalization of $22.97 billion, a PE ratio of 27.54, a price-to-earnings-growth ratio of 2.39 and a beta of 0.82. IHS Markit has a 12 month low of $44.52 and a 12 month high of $55.99. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.47 and a current ratio of 0.47.

IHS Markit (NASDAQ:INFO) last announced its earnings results on Tuesday, January 15th. The business services provider reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.12. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.08 billion. IHS Markit had a net margin of 13.53% and a return on equity of 9.58%. The company’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 EPS. As a group, equities research analysts expect that IHS Markit will post 2.12 EPS for the current fiscal year.

INFO has been the subject of several recent analyst reports. BidaskClub upgraded shares of IHS Markit from a “hold” rating to a “buy” rating in a research report on Tuesday, December 4th. SunTrust Banks reduced their price objective on shares of IHS Markit to $62.00 and set a “buy” rating for the company in a research report on Wednesday, January 16th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of IHS Markit from a “sell” rating to a “hold” rating in a research report on Friday, January 18th. Cantor Fitzgerald restated a “hold” rating and set a $51.00 price objective on shares of IHS Markit in a research report on Tuesday, January 15th. Finally, UBS Group reduced their price objective on shares of IHS Markit from $55.00 to $53.00 and set a “neutral” rating for the company in a research report on Tuesday, January 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $58.13.

In other news, EVP Jonathan Gear sold 15,587 shares of IHS Markit stock in a transaction on Monday, February 11th. The shares were sold at an average price of $52.51, for a total value of $818,473.37. Following the transaction, the executive vice president now directly owns 168,151 shares of the company’s stock, valued at approximately $8,829,609.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James A. Rosenthal bought 1,000 shares of the business’s stock in a transaction dated Friday, December 28th. The stock was acquired at an average cost of $47.30 per share, for a total transaction of $47,300.00. Following the completion of the acquisition, the director now directly owns 11,397 shares in the company, valued at $539,078.10. The disclosure for this purchase can be found here. Insiders sold a total of 82,450 shares of company stock worth $4,297,355 over the last ninety days. Corporate insiders own 1.11% of the company’s stock.

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IHS Markit Company Profile

IHS Markit Ltd. provides critical information, analytics, and solutions for various industries and markets that drive economies worldwide. The company's information, analytics, and solutions enhance operational efficiency and offer deep insights for customers in business, finance, and government.

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